genai / news / / The Economic Times
CoreWeave Inc beat analysts' estimates for quarterly revenue on Thursday.
CoreWeave reported Q1 revenue of $2.08 billion, surpassing analyst estimates of $1.97 billion.
KEY POINTS
- CoreWeave's operating expenses more than doubled to $2.22 billion in the first quarter.
- CoreWeave has a $99.4 billion revenue backlog as of March 31, up from $66.8 billion in December.
- The company secured new cloud computing deals with Meta ($21B), Jane Street ($6B), and Anthropic.
COMPANIES
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